Denver Broncos tackle Ryan Clady. / Mark J. Rebilas, USA TODAY Sports

by Tom Pelissero, USA TODAY Sports

by Tom Pelissero, USA TODAY Sports

Peyton Manning will have his blindside protector at training camp on time, with a new deal.

The Denver Broncos agreed to terms on a new five-year contract with left tackle Ryan Clady late Sunday night, less than 24 hours before a deadline for negotiations with their franchise player.

The base value of the contract is $52.5 million, with $33 million guaranteed in the first three years, and Clady could make as much as $57.5 million total with incentives, a person with knowledge of the contract told USA TODAY Sports.

The person spoke on condition of anonymity because the team does not release financial details.

Clady, 26, has started every game since the Broncos drafted him 12th overall out of Boise State in 2008 and made his third Pro Bowl last season. He would have made $9.828 million under the non-exclusive franchise tag and could have sat out until just before the opener if no long-term deal was struck.

"Not official until tomorrow, but I'm blessed for this opportunity to play for such a great franchise for another 5 years!" Clady wrote on his Facebook page. "Thanks to everyone who supported me through out this process! Excited to get back to work!"

Clady suffered a shoulder injury in the Broncos' regular-season finale and underwent surgery. But he is expected to be ready for the nationally televised Sept. 5 opener in Denver against the Baltimore Ravens, who upset the Broncos there in the AFC divisional playoffs in January.

The $33 million in guarantees Clady received falls between what two fellow former first-round tackles, the Cleveland Browns' Joe Thomas ($37 million) and the New York Jets' D'Brickashaw Ferguson ($32,442,500), received on their second contracts. The $10.5 million average per year would be the third-highest among tackles behind the Philadelphia Eagles' Jason Peters ($12,862,500) and Thomas ($11.5 million).

Locking up Clady eliminates the possibility Manning would be without his left tackle during training camp â?? or perhaps even as late as the Nov. 12 deadline for players to sign the franchise tender, though that would have meant Clady giving up more than half his salary.

Clady becomes the first of the eight players slapped with the franchise tag this offseason to secure a multi-year deal.